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Price and trend forecast of FUSION for Tomorrow, Weekly, Monthly

Fusion Micro Finance Limited

Symbol: NSE:FUSION

ISIN: INE139R01012

484.60

As on 2024-04-12

395.00 (52W Low) 691.00 (52W High)

FUSION's Today's Performance

Fusion Micro Finance Limited started the day by opening at 482.85 today 2024-04-12. Its shares reached a high of 494.90 and dipped to a low of 482.50 in intraday. When the markets closed, FUSION’s stock price settled at ₹484.60 per share. Also check out its key support and resistance levels.

FUSION Buy/Sell Targets

Tomorrow, sell FUSION when its price reaches ₹ 484.60 with a stop-loss order at ₹ 490.69. You can set the target price as ₹ 478.51 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of FUSION for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for FUSION

Resistance Levels Value in ₹
Tomorrow Resistance 1 492
Tomorrow Resistance 2 500
Tomorrow Resistance 3 505

Important Supports for FUSION

Support Levels Value in ₹
Tomorrow Support 1 480
Tomorrow Support 2 475
Tomorrow Support 3 467
Based on where the stock opens tomorrow, if FUSION opens on a positive note, our first target will be ₹492. If Target 1 is achieved, we will aim for Target 2 which is ₹500.

But if FUSION falls below the average value of ₹487.33, you can enter a sell side position with target number 1 - ₹480 and second target - ₹475 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of FUSION

Looking at FUSION, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, FUSION has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for FUSION is moderate bullish.

Tomorrow's Volume based share price Forecast for FUSION

FUSION's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -12%.

Reversal detection for FUSION

Predicted trend chart of FUSION tomorrow for price forecast
FUSION may trend may continue to be bearish since stock is making lower low and we can get target of ₹490 in morning tomorrow
Target 1 tomorrow492
Target 2 tomorrow495
Target 3 tomorrow500
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with FUSION's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if FUSION opens on a positive note, our first target will be ₹492.17. If Target 1 is achieved, we will aim for Target 2 which is ₹499.73.

But if FUSION falls below the average value of ₹487.33, you can enter a sell side position with target number 1 - ₹479.77 and second target - ₹474.93

FUSION's Weekly Targets
1st Up Target 500.90
2nd Up Target 517.20
1st Down Target 475.40
2nd Down Target 466.20

As the week for FUSION ended on bearish sentiments, we can expect further continuation of this sentiment. FUSION's initial target will be 500.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 475.40 in the upcoming week.

Weekly OHLC Values
Open 498.80
High 508.00
Low 482.50
Close 484.60

Week for FUSION started with an open price of 498.80, and the close was at 484.60. FUSION reached the highest of 508.00 and dipped lowest up to 482.50 last week. This indicates a bearish sentiment for the week.

FUSION full month swing targets
Monthly Up Target 1 526.40
Monthly Up Target 2 542.70
Monthly Down Target 1 449.90
Monthly Down Target 2 415.20

Targets of ₹526.40 can be expected to be reached in the coming month. Once FUSION achieved this target, we can aim for the next upside target of ₹542.70.

FUSION if fails to hold upside, down targets of ₹449.90 and ₹415.20 can be achieved by end of this month.

For complete three weeks if FUSION is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as FUSION

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

FUSION is expected to reach the target of 492.17 in tomorrow's trading session.

After achieving the initial target in FUSION, we will aim for higher targets of 499.73 tomorrow.

However, if FUSION starts to trade below ₹487.33, then we will shift our focus to the sell side and aim for down targets of 479.77 and 474.93.